UNI is the governance token for Uniswap, an Automated Market Market DEX on the Ethereum blockchain. The UNI token allows token holders to participate in the governance of the protocol. Key decisions such as usage of the treasury or future upgrades can be decided through a governance vote.
A Uniswap liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. provider lost just over $8 million after falling for a phishing scam a scheme that is designed to dupe people out of cash or crypto. promising an airdrop and posing as Uniswap.
- Hackers steal several million dollars in ETH in phishing scam.
- The attack targeted Uniswap’s liquidity providers.
- A single wallet a place where cryptocurrency users can store, send and receive digital assets. saw losses of more than $8 million.
Hackers have been at it again on DeFi. This time, a malicious actor has stolen more than USD $8 million from DeFi. Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH) in a phishing attack that targeted the liquidity providers of Uniswap (UNI).
The incident occurred on Monday after the attacker sent a token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. malicious that mimics the token native of the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. exchange, UNI, a more than 70,000 wallet addresses of Ethereum que había proporcionado liquidez a Uniswap . The security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. researcher at Metamask, identified as “harry.eth” on Twitter, broke the news.
“ So far, they have spent 8.5 ETH in tx the act of exchanging cryptocurrencies on a blockchain. [transaction] fees to get to 74,800 addresses, they have 90.86 more ETH to spend “wrote the researcher in a tweet Monday.
So far, they have spent 8.5ETH in tx fees to reach 74,800 addresses, they have 90.86ETH more to spend
endpoint for solana: /www.66312712367123.com/mint.php?txn= pic.twitter.com/NkjLZsjsQR
– harry.eth ???????? (whg.eth) (@sniko_) July 11, 2022
Losses of more than $8 million
According to reports, the scam phishing when a scammer pretends to be a trusted institution or person to trick people into revealing sensitive information such as Social Security numbers, passwords, banking details, etc., often through a malware link disguised as legitimate. promised a airdrop a marketing campaign that distributes a specific cryptocurrency or token to an audience. free of charge of 400 tokens UNI (worth approximately USD $2,200), for which users were asked to connect their wallets and sign for the transaction.
According to CoinDesk , el airdrop claimed to be targeted at liquidity providers (LPs) based on the amount of tokens fake LPs they received. Liquidity providers supply their assets in Uniswap in exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. for rewards.
Following the mode of attacks phishing victims were directed to a malicious website that imitated the official interface of Uniswap . However, when they moved forward to claim the airdrop They unwittingly granted the attacker access to their wallets. From there, the hacker proceeded to make transfers to empty their wallets.
Despite targeting a vast number of wallets, it appears that much of the stolen funds have come from a single address. The chain data who were quoted by CoinDesk, reveal that a user who was providing more than USD $8 million in bitcoins wrapped (WBTC) and USD Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. (USDC) to a liquidity pool of Uniswap interacted with the scam.
After gaining control of that wallet, the attacker exited the user’s LP positions and began sending the coins to various addresses. The data show who then sent the funds to the privacy protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. Tornado Cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. . According to Crypto Briefing the hacker has laundered over 7,500 ETH worth approximately USD $8.6 million.
Not the first phishing scam
The founder and CEO of Binance Changpeng Zhao, also warned about the attack a few hours later. While p rst said in a tweet that there was an exploit in the decentralized finance protocol (DeFi). Uniswap V3 then corrected information to explain that the attack was the result of a scam. phishing .
The team of Uniswap soon responded to the alert messages. “ This was a phishing attack that resulted in some LP NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). being taken from people who approved malicious transactions. “, dijo the creator of Uniswap Hayden Adams, emphasizing that it was a hack. “totally separate from the protocol” .
Although not directly affected, the token UNI posted losses after the incident. As of press time, UNI’s price has fallen 6.4% to trade at $5.76, though it could well be part of a broader market an area or arena, online or offline, in which commercial dealings are conducted. decline.
The attacks phishing are common in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. space. In May, during the launch of NFT’s series “Otherside“of the popularBored Ape Yacht Club (BAYC), scammers pulled a similar trick when they searched for luring victims to malicious links that impersonated the website of Yuga Labs to steal their collectibles.
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Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Depositphotos